MMM Global Ponzi collapses, Sergey Mavrodi in hiding
The financial apocalypse is upon us, MMM Global has collapsed.
BehindMLM called it yesterday, the only reason a Ponzi scheme stops paying out is if there are banking issues or they run out of money.
MMM Global’s use of BitCoin rules out the former, so with investors not paid out for over a month the writing was on the wall.
What we didn’t know was just how soon after publishing our article MMM Global’s collapse would be confirmed.
In a message sent to investor’s backoffices a few hours ago, their worst nightmare has been confirmed.
Referring to the “Republic of BitCoin” Ponzi scheme as an “experiment”, MMM Global blame the ROI percentage for the collapse.
We turned out not to able to pay 100% per month.
We can easily pay 30% per month (and we proved it in practice in many countries), but 100% is too much even for us.
That’s why the RB will be closed down.
Here’s the thing though, whether it’s a 100% ROI, 30% or any other percentage – math doesn’t lie.
MMM Global cannot sustain paying out more than is invested. And as long as affiliate investment is the only source of revenue entering the scheme, any MMM Global scheme will ultimately collapse.
MMM Global’s Ponzi clones offering a lower percentage haven’t “proved” themselves any more than MMM Global did.
They’ll continue to pay ROIs until withdrawals exceed the rate of new investment, and then run out of money all the same. One only needs to look at the collapse of MMM China for evidence of what’s to come.
BehindMLM first warned the public MMM Global was a Ponzi scheme back in December of 2015.
Unfortunately for most MMM Global investors, the collapse is the end of the line. Those unlucky enough to live in countries where MMM Global runs secondary scams, were informed their accounts would be transferred over.
All the participants’ RB-Mavro are transferred to the MMM-structure of the countries which the participants come from.
If there is no MMM-structure working in this country, it will be created within two weeks from the date of this announcement.
All RB-Mavro will be demonstrated as “old” Mavro in PO. Any operations with them are impossible.
Gradually, as your country will be developing, they will be paid back. 10% of the total input of the system will be spent on repaying “old” Mavro.
This practice has already been tested in many countries and proved that it works. It usually takes a half a year to pay back old” Mavro.
At the time of publication the MMM Global website lists localized Ponzi schemes running in India, Indonesia, Malaysia, Hong Kong, Bangladesh, Philippines, Thailand, South Africa, Japan, Eastern Africa and Peru.
As per the MMM Global backoffice message, each of those local scams is about to have a boatload of ROI liability added to it.
Sure, the ROI liability will only be paid back at a rate of 10% of new investment instead of 100%, but do you think these “new” investors are going to reinvest any new funds back into the scheme?
Even at 10% repayment of newly invested funds, the drain on existing localised schemes will be huge.
And existing investors, one would think they’re not complete idiots. It’s highly likely that new and re-investment into the localised MMM Global schemes will grind to a halt. Why are they going to want to contribute to MMM Global’s ROI liabilities for nothing in return?
Just like MMM Global, one by one the local schemes will also collapse.
This news is not very pleasant but there is nothing that can be done about it. It’s not the end of the world. We just have to wait a bit.
We hope for understanding, Administration
“Nothing can be done about it” is the reality now staring untold hundreds of thousands, if not millions of MMM Global investors who have lost money.
Sergey Mavrodi, owner of MMM Global, executed his exit strategy a few weeks ago. On March 20th Mavrodi informed investors there would be no more news updates published to the MMM Global website.
Mavrodi has not been heard from or seen since, and is presumed to be on the run. It’s highly likely he withdrew and/or transferred out as much of the money he stole from investors before fleeing.
Additionally the official MMM Global Facebook page was shut down a few hours ago.
At the time of publication I’m only aware of South Africa investigating MMM Global. If any other regulator has been investigating the scheme and tracking Mavrodi, I’m yet to hear about it.
What this currently means for MMM Global investors is that, as it stands now, the prospect of any financial recovery is looking slim.
As designed, Sergey Mavrodi and his buddies have likely made off with millions of your money – and you’ve got no recourse.
Some of you have direct contact to the person who invited you into MMM Global, so I suppose there’s at least that. You can try demanding they reimburse you for your losses (especially if they were bragging about making lots of money), but I don’t like your chances.
You’re probably going to find they were suckered into re-investing and in reality, didn’t make all that much.
Otherwise as the MMM Global collapse creates shockwaves throughout the Ponzi community, stay tuned for updates…
$10,000 in losses:
“I know what’s happening but I’m just gunna pretend I’m confused because it feels better to play dumb. Ignorance is bliss.”
This is what losing thousands of dollars six months into your Ponzi career looks like…
Randy Wilson, the Mavro Builder – thinks “MMM USA” is actually going to be a thing.
I thought so, that is why I cashed out my seed money back in February.
Didn’t win, but didn’t lose in my MMM wager. Let’s see if the price of Bitcoin drops due to the collapse of the MMM game.
Can’t wait until Mavrodi starts MMM-2016.
Aren’t you clever?
It’s a bit of a debate whether the price of Bitcoin has been affected by Global and by how much. They both saw a steep rise from around Sept 15 and my personal belief is that Bitcoin’s $ value would be lower without it.
That doesn’t mean that the price will crash now though. All that has happened is that Bitcoins have changed owners, from scammed to scammers.
Assuming that Mavrodi is the front man for Russian organized crime, there is no rush for them to convert these stolen Bitcoin to fiat. There’s the halving soon, probably boosting the price, and if you’re a crim Bitcoin’s a very good place to stash your stash. Roomsful of Roubles is sooo 90’s….
It’s hilarious watching the ponzi pimps explaining why Mavrodi stole everyone’s money (Delays, computer hardware problems), and that they need to “hang in there” until it all works itself out.
In the meanwhile… “Just keep sending in more money so that those who got their money stolen can get some of it back”.
This guy says he did not lose his money, “Its there just frozen”. We just have to “you know spend new money so we can unfreeze it”.
Last I heard that is called starting over because you lost. I mean scammers are honest when they say it will all come back in like 6 months.
When you’ve lost all credibility and your justification game is lame:
ONECOIN WILL BE NEXT!!!!
Is Onecoin a Company Forced Gifting Program????
Affiliates don’t directly pay affiliates in OneCoin, so no.
It’s more of a traditional Ponzi scheme, new and existing investors deposit funds with the company and those funds are used to pay off existing investors.
Eigh I was just going to join because our government is not giving us enough.
What I am going to do now b.coz I need that money from mmm?
Instead of scamming people or expecting handouts, perhaps try earning a living?
Just a thought…
MMM Bitcoin Republic turned out to be an experiment at 100%, while various individual countries kept operating at 30%.
For 5 weeks MMM Bitcoin Republic members (from allsorts of countries) were told hackers were being cleared out of the system, which is why there had been delays.
However ‘Providing Help’ was snapped up in seconds.
Secondly,all the money from Bitcoin Republic members was being diverted to Chinese accounts. So for that time all ‘Get Helps’ were from China. China had 2 MMMs – their own country and they were part of the worldwide Bitcoin Republic.
Ultimately it was all controlled from within so no one knew where the money was going to – Just another rChinese account.
There is NO QUESTION that Sergie “I PURGIE” Mavrodi ran off with Millions. Flipping Scumbag like all the others.
Its dissapointing to see yet another opportunity get to so many suckers who put money they should not have into this opportunity and now are complaining.. Especially when he said it right in the offering..
As far as going to your sponsors for a refund….yeah…Great Luck with that anyone.
I was about to start to join. So it’s better for me to stay away of it now.
Unbelievable that the guy in that video is still backing it.
He set to private now, but he is in total denial. Looking at his recent blog he talks about “money without labor.” It’s disturbing to think you can reap a harvest without planting, but that’s what people like this put their effort into.
I guess Randy Wilson doesn’t want to be the face of MMM Global in the US anymore.
His Mavro Builder Facebook page had discussion about MMM Global US this morning. Was talk of US downlines intact and migrated over.
A whole bunch of comments about not trusting Sergey Mavrodi and MMM Global management though. Confidence among MMM Global investors seems pretty low.
That other guy, Ryan Conley, is going to start recruiting people in the FutureNet Ponzi scheme tomorrow.
If Randy Wilson wasn’t in cahoots with Mavrodi fron the start, the reality is starting to sink in that Mavrodi slithered away into the shadows leaving him holding the empty bag and the burden of having to explain why people’s money is not quite stolen just yet.
Ryan Conley says MMM Global was just an experiment; so, everyone should now join BitClub Network and Future Net. SMH
Yes an experiment in another ponzi scheme from a convicted felon. I guess he’s right in some weird way.
Another day, another scam. Will we never learn
I love MMM global because they do update us with everything, Look at how KIPI mydeposit did, they just vanished, withdrawals are frozen since, no more responds to our emails or anything.
But mmm told us their challenges and it is not like mmm is completely shutting down. they just cancelled the 100% and that’s it. mmm30% is still there.
mmm is legit, you text, they respong, the guiders are still online to chart.
Mavros are green.
Those still responding are hoping against hope the scheme restarts.
100% ROI a month with collapse faster than 30% a month, but mathematically a collapse is inevitable. Faster now that Mavrodi is purporedly diverting 10% to pay off MMM Global ROI liabilities.
So did Mavrodi, along with your money.
If you are going to base your investment decisions on how nicely you get ripped off, I’m predicting a short lived and very expensive learning curve in your future.
This is probably one of the funniest Ponzi YT videos I’ve ever listened to.
Hear them fumble when the host asks where the money comes from.
Oh and get a load of Mavrodi’s “secret algorithm used by the banks” that magically creates 30% a month ROIs.
Why can’t just come clean and admit 30% a month ROIs are funded by newly recruited investors.
One gives a seed analogy that makes no sense. Then the other goes “no no no it’s like this” and provides another seed analogy that also doesn’t make sense. Man, what’s with Africa and airing major bullshit in the public domain?
But how do you know if they are telling you the truth, or just feeding you lies? Will you eat it up nonetheless?
From RSA FB:
I see that newly registered (end Jan) clones such as MMMglobal-2.com, MMMoffice-2.info etc.are in the wild now, registrant details
Although probably Hong Kong front for China… What’s all that about, I wonder?
If You want to someone joins new 30% per month , you have to repay back the new just register because they loose all their without GH.
Why do you care about what is happening to mmm its our money whether we burn it it is none of your business, its people like u who don’t want other people to progress.
many people benefited from mmm. Leave us alone and let us throw our money as it ours anyway.
There’s nothing progressive about losing your money in a Ponzi scheme.
And even more lost. Such are the mathematics behind a Ponzi scheme.
Spoken like a true scammer. For shame.
Do you not understand what you are doing? Or do you just not care about stealing because you are desperate? Seriously, I would really love to know.
Thank you for all the comments in making south africa feel helpless again. South africa, firstly is run by (Ozedit: Who South Africa is run by has nothing to do with MMM Global being a Ponzi scheme. Offtopic derail attempts removed.)
MMM hasnt stole anyones money it hasnt disappointed any of its clients – what it has done is prove to poverty that even when you slap us in the face we will find a way to succeed.
I joined MMM and I have earned money from using this site. So many people I personally know have created their dreams by using MMM we would expect the government (Ozedit: More offtopic derail attempts removed.)
Sergey Mavrodi, take a bow.
Tell that to all the MMM Global investors who lost money.
Ah so you’re a net-winner then. Explains your funny description of you stealing people’s money.
And how many did NOT benefit, but simply expected to because of promises made by MMM and people like you?
Who do you think they will come after? MMM and Mavrodi who could not be found, or people like you, who’re still defending it?
So why Mavrodi have to hide and announce MMM had to close? Where did everybody’s money went?
What is really has done is prove that people (not necessarily in poverty) will believe outrageous lies and ENJOY being lied to, as long as some of them get paid and continue to lie to others.
Wow. What a standup guy/girl. Doesn’t care if others become victims as long as he/she benefits from the scheme.
So what are you saying guys. Did mmm south Africa close? I am a new member and want to know what’s happening.
I am confused now. Is the scheme on or off? Thank you for your assistance.
The local chapter will continue to operate until it goes bust.
Severed from a global source of new investment, don’t expect the localized Ponzis to last too much longer.
A number of clones have also popped up over the last month, further expected to dilute the new investor pool.
OZ ,,,, i think you are the king pin /queen of a stokvel trying to crash MMM. You offer no interest and nobody will join yours.
Mavrodi stole money, millions at list thats what you can say…. WHICH MONEY?HE IS A GIVER,SELFLESS AND PAINTED BLACK FOR HELPING THE HOPELESS POOR.
PARTICIPANTS AT MMM DONATE TO EACH OTHER,YOU AND YOUR SHARP TONGUE ARE DESTROYING A HELPFUL PROGRAM THAT HAS HELPED MANY POOR SOUTH AFRICANS. YOU MUST BE ONE OF THOSE THIEVES THAT STEAL MILLIONS FROM THE TENDER SCAMS. SHUT UP AND LEAVE THE PARTICIPANTS ALONE.
YOU WONT FEED US WITH THE MILLIONS YOU STOLE FROM THE TENDERS….YOU ARE SELFISH,SELF CENTERED AND YOU DON’T CARE A THING WHETHER A POOR NEIGHBOR HAD A MEAL OR NOT.
LEAVE US ALONE.
The only thing that will crash MMM is when it runs out of newly invested funds, the same as any other Ponzi scheme.
The money idiots like you invested into MMM Global. Your fiction is just that.
Stealing money from poor people through a Ponzi scheme is not helping them.
Guilty complex much?
Why, so you can continue to steal money from the poor? For shame.
*Yawn* Heard the same spiel from TVI Express adherents, many of whom either don’t believe or don’t care that mastermind Tarun Trikha was arrested back in 2014. It’s always the same denial accusations, like:
* You are all just jealous (sour grapes)
* Why are you ruining a good thing (I want my virtual juicy steak)
* You have no idea what you’re talking about (somehow I do)
But it’s perfectly understandable. It’s same 5 stages of grief.
It’s a shame all those who did not afford the comment too much, we have benefited on this.
stop mumbling, this is our money we have top cars and top houses because of this scheme, those who can not afford shut up.
Point of correction this is not ponzi, we are helping each other,mmm is here to stay, empty vessels make a lot of noise, they lack knowledge.
The reality is only Mavrodi and a few buddies likely profited anywhere near the level required to purchase cars and houses.
If you were a net-winner, you might have made a few thousand but that’s about it. Don’t let your aspirations for a career in thievery get in the way of reality though.
Sure it is. You invested, Mavrodi took your money on promises of infinite ROIs and then you lost your money. Using newly invested funds to pay off existing investors is what MMM Global did, making it a Ponzi scheme.
The empty wallets of dumbasses who are in denial or don’t understand how a Ponzi scheme works are noisier.
So did Al Capone, Charles Ponzi, Andy Bowdoin, Paul Burks and Bernie Madoff.
Your point being ???
Gifting circle/mesh is still illegal. You may want to look up your local laws, or is that too much negativity for you?
Hi there… Oz… Please can you clarify something to me, seeing that you have an answer for everything… How did Sergei steal people’s money, when they say they transfer money from one personal account to another?
Did he only steal it on the 100% ROI account or are you referring to MMM as a whole (Meaning all MMM accounts)? And how did he steal it when the money doesnt go to one central account???
This is too confusing for me, I hope you will shed some light!
People gifted funds to one another based on who Sergei’s script told them to.
How many accounts do you think he had at the top of the scheme receiving the largest percentage of gifted funds?
That’s how the MLM variations of cash gifting schemes work. The admin always has a bunch of accounts at the top everyone passes up to, which invariable receive the lion’s share of funds deposited into the scheme.
How do you know the person on the other end is really a regular person like you, and not a Mavrodi associate shill?
Even if they just put their own people once in every 10 transactions, that’s huge amount of money they could have siphoned off, right?
How *do* you know? You don’t.
Forget about ponzis and pyramids.
Surely common sense would tell you if a person or company is under suspicion of being fraudulent, then what “they say” is the very last thing on which a potential investor should rely.
Hey guys, you had to study MMM background first! Do you know how it “worked” in Russia? Wow, the majority lost, a small group of “helpers” won. Then Mavrodi simply closed down MMM Russia and all of its websites. BB MMM, you will be missed.
Then he started MMM in other countries – and now you are watching how history repeats itself in other countries.
Mavrodi is a convicted criminal. He is helping people to get rid of money, that’s his role. Good luck guys.
Is MMM in recess. Is it wise to join. Tell me the truth
MMM Global just collapsed and founder Sergey Mavrodi is in hiding. Now is the perfect time to invest.
Thousands of MMM Global investors who lost money in the scheme are standing by to take your money. Don’t delay, sign up today!
At least Mavrodians know the truth now that Mavrodi is helping the whole world, no poverty at all in our country
Mavrodi is like Moses in the Bible, who was sent to take us out of Egypy (out of poverty), people on the way to Canan they keep on complaining others criticizin because they are used in poverty, but we will get there, TOGETHER WE CAN SAVE THE WORLD!
Yet poverty has a way of returning since these scams never last forever.
Did you remember what did the Bible say about false prophets?
“false Christs and false prophets will arise and perform great signs and wonders, so as to lead astray, if possible, even the elect.” — Matthew 24:24
“Beware of false prophets, who come to you in sheep’s clothing but inwardly are ravenous wolves.”
— Matthew 7:15
“For the time is coming when people will not endure sound teaching, but having itching ears they will accumulate for themselves teachers to suit their own passions, and will turn away from listening to the truth and wander off into myths.” — 2 Timothy 4:3-4
The Bible says, (Ozedit: Nobody cares. Offtopic derail attempt removed.)
People keep on saying, Mavrodi is a convicted criminal, what does that mean?
Who can stand and say I am not the criminal? We are criminals but in different ways, Mavrodi is trying to help the world, whether successful or not, but he is trying to save the world from poverty, how many time people tried to help themselves, fail and try again, in life you won’t give up, that’s what Mavrodi is doing.
It means he was JAILED by Russian authorities for fraud. Do you have some alternate definition you care to offer?
Here’s proof, not that you really care about such things, “Philile”
He was jailed because he was trying to save the world, no matter how, Mavrodi is one of the legends in the world who was jailed for his passion to save the world, a very brave man in the world.
He wasn’t trying to save anything. He was only interested in putting money in his pocket. Now shut up.
What I personally suspect is that administrators though they could ain’t a in mom while may mavRodi is still jailed but all seems to be a failure.
The rate at which they are refunding old mavro is not promising. There are participants I know who contributed as little as 200, but they are not yet paid.
Who are they paying the and what criteria or strategy are they using?
While we are grateful for those who won let us accept that we have lost the refund was the be paid within 6 on the not after 6 month.
My 100% contribution has not been transfered in the promise two weeks how does anyone explain that. A mere transfer not to mention refund.
Is mmm Nigeria same as mmm global,cos mmm Nigeria requires you to pay the person directly. We get paired with other partipants and pay directly to their bank account.
How then can the administrators make away with our money?
Someone please help me understand cos I just registered a couple of days ago.
If it has the same “get help” and “provide help” Ponzi crap, then yes.
You cash gift to someone who already lost money, then some new person has to lose funds to you so you can recoup your losses. If nobody new joins you all lose your money.
So far MMM Global and most of the local chapters have already collapsed. Sounds like MMM Nigeria is still limping along.
last year i started to join MMM… it sudden because this year i heard the mmm account having a problem.. so its real..
i already shares 7k… my account is still freezing but how to get the money if still freeze,, i hope to get back my money and solve this problem to help others and hoping to get back all the money because all of as need this.
here in PHILIPPINES. other account still operating but other account cant get her? his money because it still freezing… help us and get back the normal opeartions of this MMM GLOBAL PHILIPPINES… GOD BLESS
MMM Global collapsed and your money is gone.
If you want to get it back, get in touch with the person who recruited you and demand they give you a refund (your money went into their bitcoin account).
This makes this whole page worth reading.
Or to quote the great Saul Bellow…
I was thinking the MMM thing is real. But my concern has been how the 30% is generated.
I recently registered with Nigeria MMM and trying to get all the necessary information about it especially with regards to other countries where they operate.
Please someone should educate me more. Is it a scam?
From newly invested funds, until said funds run out.
Then MMM Nigeria collapses and you lose your money.
Oz, just chill. MMM Nigeria has come to stay. It will run in Nigeria for years to come. You can see that lots of people are joining in Nigeria on a daily basis.
So long as people keep joining which I am certain Is happening everyday, then the program runs on.
It has been in Nigeria since last year and so far, nobody has complained.
MMM seminars are held in various cities on a daily basis. People are joining but if you are scared, you can cancel your participation or wait for two weeks and get your money back if you have already paid someone.
It’s real like the daylight. In life you have to take risks and that’s why you are strongly warned to only participate with your spare money.
I feel really bad for MLM in Africa a the moment. It’s beyond a disgrace.
The anti ‘systemic exploitation’ shtick has obviously resonated big style there and the appalling irony is it’s “out of the frying pan into the fire” for a lot of people who’ve got Jack Shit in the first place.
I know nothing about Africa firsthand so no “first world” patronizing from me, but it seems that in RSA there is a working “stokvel” co-op micro finance system which can only be harmed by this ultimate in cynicism.
Blessed? By what? Mavrodi?
After reading this fear inducing write up, it is necessary to shed light and help control the panic that might be starting in your minds.
The MMM might have been a ponzi scheme from its initiation, but its not anymore as the Nigerian version doesn’t pay to Sergey’s accounts or accounts of anyone defrauded in the past(as far as statistics shoes, no Nigerian participant has been defrauded by the MMM system) but random accounts of participants. Hence, the flow is kept on.
Now, lets not forget that no one is coerced into providing help, moreover, the system advices participants to use only spare money as it is not a money doubling machine.
So you provide help to ones requiring help, and if you have followed the system for long, you find that you do not qualify to receive help before providing help.
You can only receive help after giving, that is an assurance to the sanctity of the system as no one person has an access to your funds except you. Your giving commits you to receiving.
Completely and utterly irrelevant. The use of newly invested funds to pay off existing investors, as coordinated by all chapters of MMM (including MMM Nigeria), constitutes a Ponzi scheme.
Well yes. With his blessing it will work forever no matter what happens. If it doesn’t have his blessing it will run out of funds and die off.
A bit like Matzoes are not Kosher unless they are blessed by the Rabbi. I thought it would have been obvious.
MMM Nigeria has no tangible business model. Returns are paid from other people invested funds. A ponzi scheme has no other definition.
Also, engaging in capital market activities without being registered with SEC is illegal in Nigeria.
The Securities Exchange commission has already declared the activities of MMM in Nigeria as illegal. Soon the news will go round and there will be fewer new investment which means automatic crash for MMM Nigeria.
see for yourself: punchng.com/online-fraudsters-hit-capital-market-sec-warns/
There is no free thing in FreeTown.
The stubborn and greedy folks will continue to invest until Kaboom!!!
hi,i don’t believe dat mmm is a ponzi scheme because without new investors, it still runs provided old members still provide help, but old nd new members re what keep mmm going.
old pay new, new still pay old, because u won’t tel me dat because I ph help once nd got help once, I wl now relax for new members to come in nd pay me, it S not possible, despite we refer new people still keeps it healthy.
even banks (Ozedit: MMM Global isn’t a bank. Offtopic derail attempts removed.)
Whether you believe in Ponzi schemes is neither here nor there.
Basic mathematics dictates investors reinvesting a fixed pool of funds but still withdrawing more than was initially invested will leave the majority with a loss and collapse.
The use of newly invested funds to pay off existing investors meanwhile made MMM Global a Ponzi scheme.
Seeing as MMM Global has already collapsed, your protestations are somewhat bizarre.
It is amazing how these ponzi pyramid schemes operate successfully and dupe millions of people of their hard-earned money.
Now, the MMM SA clone in Nigeria is the latest darling of a lot of Nigerians. But, it is doomed to fail like it did in Zimbabwe and South Africa.
It is a system that is not sustainable because there is no real investment of the money or extra money. So, sooner or later the whole thing crumbles like a pack of cards. That is what people fail to understand.
But, the greedy, lazy, and those looking for quick money will always fall for this type of schemes again and again irrespective of how many times they are suckered by similar schemes before it.
After everything you,ve read about this man; a man who wrote about lucifer and his son with pleasure, jailed for years, failing business and yet people still call him a God sent.
Jesus said money answers to everything but the love for it is the beginning of evil. Please you guys should be wise not to fall into his net again… if it’s not a scam, how does this man get his own personal money?
From his history, he has no other job and yet he is elevating the poor, how? Nigerians be wise…